Cantaloupe (NASDAQ:CTLP - Free Report) had its target price hoisted by Barrington Research from $12.00 to $14.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the technology company's stock.
CTLP has been the subject of several other reports. Benchmark increased their price objective on Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a report on Friday, November 8th. Northland Securities raised their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th.
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Cantaloupe Stock Down 3.6 %
Shares of NASDAQ CTLP traded down $0.40 during midday trading on Wednesday, hitting $10.67. 400,618 shares of the company's stock were exchanged, compared to its average volume of 257,827. The firm's fifty day simple moving average is $9.10 and its 200-day simple moving average is $8.34. The company has a market cap of $778.80 million, a PE ratio of 53.35 and a beta of 1.64. Cantaloupe has a twelve month low of $5.74 and a twelve month high of $11.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03.
Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.45%. During the same quarter in the previous year, the company earned $0.04 EPS. Research analysts predict that Cantaloupe will post 0.32 EPS for the current fiscal year.
Institutional Trading of Cantaloupe
Several hedge funds have recently made changes to their positions in CTLP. Vanguard Group Inc. increased its stake in shares of Cantaloupe by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company's stock worth $33,657,000 after acquiring an additional 212,456 shares during the period. Deutsche Bank AG increased its position in Cantaloupe by 0.7% during the 4th quarter. Deutsche Bank AG now owns 2,966,050 shares of the technology company's stock worth $28,207,000 after purchasing an additional 20,314 shares during the period. Wasatch Advisors LP raised its stake in shares of Cantaloupe by 20.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company's stock worth $11,937,000 after buying an additional 271,782 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Cantaloupe by 0.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company's stock valued at $11,902,000 after buying an additional 7,114 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Cantaloupe by 3.5% in the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company's stock valued at $10,111,000 after buying an additional 46,518 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.
About Cantaloupe
(
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Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.
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